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up for the public, and if you managed to get roles in plays like a federal energy rhetoric commission is an basically to say you can't challenge anything we do, there's a fight going on right now about that would be just dismissed without any discussion challenges to the practices and pipelines by the way, they readily are earning over 50% annual profit and they have given them a 38% rate increase over five years. .. when i first read about public utilities in the early 1970s, the utility boards a doubt with at least had some people who were directly connected to the industry. sometimes they had knowledgeable critics. they had a brilliant businessman who just died recently probably made himself a billionaire before he died or were critics of the industry and thought about how to get the rules to encourage the utilities to behave in a way that this benefits the overall economy? the public utilities commission under governor schwarzenegger was run by people from the utility industry. the lawyer for the cell phone industry, a finance here from the energy industry. i quote the editor of a
by people from the utility industry, a lawyer from the cell phone industry, a finance your from the energy industry coming in by quote the editor of a little paper in california the only peter besides the l.a. times that's been tough on the utility industry whose says it doesn't stand for public utility commission because they are so unpopular he calls of the profit up keep commission. >> host: there are other examples of interesting to me but there's a section on the 401k and the retirement savings what do you find is there a lesson that we can do as individuals if everybody knew how to invest well then they would pay the wages and for all of my education and knowledge i don't know how to do that i just spend less than you make. the efficient way to take care of people's old wage there is not peacekeeping is through defined benefit pension plans and you hear the industry saying let's get rid of these they aren't predictable. that's nonsense you can buy the pension plan call-up any insurance plan and say i'm this age here is how much i have and tell them your gender and get a blood test an
-altered anything, that they're willing to commit acts of terrorism. energy production. as you know, the far left seems to be oppose od to any and all forms of energy period. in the upper left period, after talk fukushima, you had people protesting nuclear power. you had angela merkel, who i actually respect immensely as the new iron chancellor of germany, she decided because of the protests to shut down nuclear power. now, she's a nuclear physicist, okay? so she really should know better. >> haven't had an earthquake -- >> yeah. or a tidal wave in a hong time. in the upper right corner you have fracking causes cancer, which is not true, and you have some guy dressed as a weasel dancing. not sure what that's about. in the left corner you have no dams. they don't want hydroelectric power. this is in patgonia in the argentinean/chilean border, so they're opposed to hydroelectric power. and you may not be able to read this, no industrial wind, capitalism still blows. he made sure he fit it in. >> it's the weasel. [laughter] >> [inaudible] >> you might actually, that might actually turn it off. >> pr
the energy industry coming in by quote the editor of a little paper in california, the only people in california besides the l.a. times that's been tough on the bulletin who says the eeoc doesn't stand for public utility commission because they are in the industry he calls it the profit upkeep commission. >> host: some of the rhetoric samples interesting to me, the section on the 401k and retirement, what do you find that you would like to talk about briefly but also is there a lesson we could do as individuals? >> guest: if everybody knew how to invest money the average job would pay wages and it's absurd. for all of my education and knowledge of the chicago school and not an economist and i've written about finance i'm not a good investor i just don't spend less than you make. but efficient way to take care of people's old age which there is no use gaping is through defined benefit pension plans and year the industry say we have to get rid of these they are not predictable. you can buy in individually defined pension plan called the insurance company and say i am this age i want
Search Results 0 to 3 of about 4